Market Conditions — 2026-10-19

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Article published Oct 19, 2026. Prices below use latest available snapshots.

SPY $759.97 -1.0% 30d QQQ $704.40 -5.0% 30d IWM $275.75 -2.2% 30d

A frozen snapshot: each card records its own moment and is meant to read stale later. The strip of cards, in order, is the climate history.

Gauge Read Note
Indexes (7d) SPY -1.5% · QQQ -3.7% · IWM -2.4% · RSP +0.1% 30d: SPY +0.6% · QQQ -0.4% · IWM -4.5% · RSP +0.5%
Volatility VIX 18.44 (NORMAL) · 1d -7.7% Fire-sale window closed — the trigger is a ≥30% one-day spike
Rotation In: Canadian OG, Travel Leisure, Retail, Volume Setups, Trace Glp1 Manufacturing (+7 more) · Out: Neoclouds, Quantum Computing, Nearline Storage, Memory, Space (+82 more) 12 in / 87 out / 0 emerging of 125 tracked themes · ranked on trailing 30d strength vs SPY
Credit (7d) HYG -0.6% · LQD +0.3% · IEF +0.7% Orderly credit means the selling is positioning, not a credit event
Hard assets (7d) GLD -0.6% · USO +6.5% · COPX -6.6% Gold · oil · copper miners

Sources

  • market-pulse + rotation-map.json · data/state/vix-gate.json (all numbers code-computed and frozen at emit)